Vantage Snaps up Oil and Ingredient Maker Mallet and Company

The purchase will mean that Vantage expands its food ingredients business.

 

Mallet and Company, owned by ICV Partners, is headquartered outside of Pittsburgh, Pennsylvania and makes oils and various baking ingredients, as well as selling baking equipment.

 

Vantage, based in Chicago, makes and distributes chemicals used in food and other industries.
No financial details of the deal have been announced.

 

Vantage is owned by Vantage management and a private equity fund managed by The Jordan Company.

 

Richard McEvoy, Vantage’s chief executive, said:  “Mallet has built a compelling, unique business model by providing not only release agents and specialty ingredients but also equipment solutions. Their customer focus, innovation and technical support are aligned with Vantage’s strategy.